Randall & Quilter Inv Hldgs Ltd Accredited announces new underwriting program
March 17 2020 - 3:00AM
RNS Non-Regulatory
TIDMRQIH
Randall & Quilter Inv Hldgs Ltd
17 March 2020
Randall & Quilter Investment Holdings Ltd.
Accredited announces new underwriting program with
Brazos-Whitehill
17 March 2020
Accredited Surety and Casualty Company, Inc. ("Accredited"), a
wholly owned subsidiary of Randall & Quilter Investment
Holdings Ltd. ("R&Q") and a Florida domiciled insurance company
licensed in all 50 states to write admitted business, is pleased to
announce that it has entered into a new program underwriting
relationship with Brazos Specialty Risk, Inc. dba Whitehill, the
Trucking Division at Brazos.
From 1 February 2020, Accredited will be an issuing carrier on
behalf of Brazos and its long-haul trucking insurance programs.
Accredited's product with this account will include commercial
liability only. Accredited will initially provide coverage in
Brazos' top states which include California, Texas, Illinois,
Florida and Georgia, and expect to be fully functional in 40 states
by the end of 2020.
Todd Campbell, President and CEO of Accredited, commented:
"Brazos, headquartered in Texas with offices in the Dallas metro
area, Kansas City , MO and South Florida is a leading provider of
Commercial Auto Liability and other coverage in the 'for hire'
motor carrier segment and we are pleased to enter into this
arrangement with them. They have an excellent reputation in their
industry and the established platform and resources to support
their program plans. Accredited has a growing number of new
arrangements for 2020 and we are excited to be delivering on our
mission to be the program underwriter of choice for US MGAs, MGUs,
program owners and their capital partners".
Tom Spitalny, President of Brazos-Whitehill added: "We are very
excited about this new platform and the wealth of experience and
knowledge that Accredited brings. We will continue to capitalize on
our long-term strategy of consistent underwriting returns,
extremely efficient process and long-term relationship with our
distributors. We will also deploy an innovative claims approach
that will only add to capital returns and is a first in the MGA
model."
Alan Quilter, R&Q CEO, said: "This program underwriting
relationship underlines our commitment to supporting high quality
program business, with superior MGAs, across the US and highlights
the important role that Accredited plays in this arena. Our
pipeline is strong, and we expect to announce further program
underwriting partnerships shortly".
Ends
Enquiries to:
Randall & Quilter Investment Holdings www.rqih.com
Ltd.
Alan Quilter Tel: 020 7780 5960
Numis Securities Limited
Stuart Skinner (Nominated Adviser) Tel: 020 7260 1000
Charles Farquhar (Broker) Tel: 020 7260 1000
Shore Capital Stockbrokers Limited
Stephane Auton/ James Thomas Tel: 020 7408 4090
FTI Consulting
Edward Berry / Tom Blackwell Tel: 020 3727 1051
Notes to Editors:
About R&Q
The overall mission of the Bermuda based Group is to:
-- Generate profits and capital extractions from expert management of legacy non-life insurance acquisitions/reinsurances, including in Lloyd's; and
-- Grow commission income from its licensed (and rated) carriers
in the US and EU/UK, writing niche and profitable program business,
largely on behalf of highly rated reinsurers.
Our aim is to continue to grow sustainable profit streams to
support our business model and increase book value and cash
distributions to shareholders.
The Group was founded by Ken Randall and Alan Quilter in
1991.
Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94
Website: www.rqih.com
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END
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